The important part:
Abolish SS as known. Hand it over to Wall St. When Wall St fucks up(And you know they will, nothing is foolproof), give everyone money from the treasury. Result: Wall St profits!The government guarantees that all workers with personal accounts will receive at least as much in retirement as they would under the current Social Security system. If someone with a personal account retires with benefits lower than those offered by the current system, the Treasury will send them a check to make up the difference. Thus, there is a legal government obligation that in a worst case scenario a retiree will be able to enjoy benefits at least as good as they would under the traditional Social Security system.